Edgars explains that, historically, traditional smart contracts have struggled with two main limitations: their inability to connect directly to the outside world and their lack of understanding of natural language, which significantly hinders their practical applications and effectiveness in real-world scenarios.
Through Yeager.ai's innovative approach, leveraging GenLayer technology, the startup aims to overcome these challenges, enabling smart contracts to interact seamlessly with real-world data while also comprehending complex legal agreements in natural language, thereby simplifying and expediting contract execution.
Reflecting on the evolution of the legal system, Edgars notes that despite its transformative role in modern commerce, it remains encumbered by slow execution and high costs, issues that Yeager.ai seeks to address by merging AI with blockchain capabilities.
Having previously founded successful ventures like Radix DLT, Edgars' experience in building scalable blockchain solutions influences Yeager.ai's mission to create a decentralized framework that can redefine the functionality of smart contracts in a globalized context.
Collection
[
|
...
]